Fastenal rises on second quarter results beat

Fastenal

14/07/2025 12:27

** Shares of industrial supplies distributor Fastenal FAST.O rise 3% to $44.50 in premarket trading

** Q2 profit 29 cents per share vs analysts' estimate of 28 cents per share, according to data compiled by LSEG

** FAST Q2 revenue also beat analysts' expectation, helped by higher demand for its safety supplies

** Of 16 brokerages, 3 rate it "buy" or higher, 11 "hold" and 2 "sell" or lower; median PT is $40.50 - data compiled by LSEG

** As of last close, stock up 20.3% YTD

 (Reporting by Anshuman Tripathy)

 ((Anshuman.Tripathy@thomsonreuters.com))